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Iran Grabs the Spotlight at the Closing of the Inaugural Edition of IPEM
Cannes, France (ots/PRNewswire) - For the closing of the first edition of IPEM (http://www.ipem-market.com/) - International Private Equity Market - which took place on February 17-19 in Cannes, an Iranian delegation, led by Emad Modirzadeh, CFA, CEO of Theta Energy Holding, presented an overview of energy-related and infrastructure projects in Iran, representing a total 5 year CAPEX potential of 243 billion dollars (oil, gas, power, renewable, petrochemical, mine, rail, road) to the attending investors.
"IPEM was the ideal event to launch these exciting opportunities to the International Equity marketplace. We were delighted with the audience and their reaction to our proposals", said Emad Modirzadeh. René Pérès, IPEM Chairman said "The fact that Iran chose IPEM as their international launch pad is a huge vote of confidence in IPEM and the opportunities it offers. We look forward to welcoming them back next year."
718 professionals, representing more than 400 companies from 32 countries, attended the inaugural edition of IPEM. 45% of the attending companies came from overseas, with a 10% representation from the UK, 7% from Germany and 4% from Italy. The Middle East, Asia and America represented 11% of the total attendance. 25 % of the participating companies were private and institutional investors, 20% were GPs, another 20% were business owners seeking for funds, 20% were service providers, while institutions and media respectively represented 8% and 4% of the total attendance.
The second edition of IPEM will take place in Cannes on January 25-27, 2017 and will welcome a growing number of PE professionals to harvest the benefits of this new marketplace.